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Unchecked Corporate Power: Why the Crimes of Multinational Corporations are Routinized Away and What We Can Do About it

Unchecked Corporate Power: Why the Crimes of Multinational Corporations are Routinized Away and What We Can Do About it

Author: Gregg Barak
Publisher: Routledge
ISBN: 9781138951426

Published In: February 2017
Format: Hardback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only
Paperback Edition ISBN: 9781138951440

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Why are crimes of the suite punished more leniently than crimes of the street? When police killings of citizens go unpunished, political torture is sanctioned by the state, and the financial frauds of Wall Street traders remain unprosecuted, nothing succeeds with such regularity as the active failures of national states to obstruct the crimes of the powerful.

Written from the perspective of global sustainability and as an unflinching and unforgiving exposé of the full range of the crimes of the powerful, Unchecked Corporate Power reveals how legalized authorities and political institutions charged with the duty of protecting citizens from law-breaking and injurious activities have increasingly become enablers and colluders with the very enterprises they are obliged to regulate.

Here, Gregg Barak explains why the United States and other countries are duplicitous in their harsh reactions to street crimes in comparison to the significantly more harmful and far-reaching crimes of the powerful, and why the crimes of the powerful are treated as beyond incrimination.

What happens to nations that surrender ever-growing economic and political power to the globally super rich and the mammoth multinational corporations they control? And what can people from around the world do to resist the criminality and victimization perpetrated by multinationals, and generated by the prevailing global political economy?

Barak examines an array of multinational crimes—corporate, environmental, financial, and state—and their state-legal responses, and outlines policies and strategies for revolutionizing these contradictory relations of capital reproduction, criminality, and unsustainability.

Preface

Part I: Routinizing the Crimes of the Powerful

Introduction: On the State Routinization of Unchecked Corporate Power

1. Capitalism, Corporations, and Criminality

1.1 Globalizing Capital and Crime

1.2 Studying Multinational Corporate Crime and the Public’s Right to Know

1.3 From Felonies to Torts: Constrained and Unconstrained Corporations

1.4 Power, Growth, and Inequality in Early 21st Century Capitalism

1.5 Capitalism and the Contradictory Nature of Capital Accumulation, Capitalist Crisis, and Corporate Criminality

1.6 State Routinized Crime Control and the Capitalist Apparatus

2. Why Capitalist States “Fail” to Control the Crimes of the Powerful

2.1 State-Routinized Crime

2.2 State-Routinized Crime Control, Regulation, and Accountability

2.3 Police Use and Misuse of Force, Militarizing U.S. Law Enforcement, and Privatizing the Security Industry

2.4 U.S. Counter-Terrorist Torture and the Outsourcing of Harsh Interrogation Techniques

2.5 Wall Street and the Routinization of Securities Fraud

2.6 A Recapitulation of State Routinized Crime and Crime Control

Part II: Violating the Commons

3. Financial Crimes: Violations of Trusted Securities

3.1 Decriminalization, Fraudulent Libor Rates, and Victimization

3.2 The Contradictory Forces of Free-Market Capitalism and Securities Law Failures to Curb Wall Street Frauds Before and After the Financial Implosion

3.3 Treating High-Risk Securities Fraud as Noncriminal Matters

3.4 Criminal and Civil Prosecutions

3.5 Structured Finance Products, Investment Banking Fraud and the Case Against Goldman Sachs

3.6 Conciliatory Collusion, Goldman Sachs, and the Costs of Doing High Finance

3.7 The Big Banks, SEC Waivers, and State Financial Resources

3.8 Update: “Short Sellers Sold Short By Goldman”

4. Environmental Crimes: Violations of Health and Safety

4.1 Green Criminology, Environmental Crimes, and Structural Harms

4.2 Exposing West Virginians to Toxic Substances: DuPont, Cover-Up, Litigation and Decades of Chemical Pollution

4.3 Dow Chemical Company: A Trailblazer in Multinational Criminality

4.4 Monsanto Corporation: Masters of Fraud, Deception, and Public Relations

4.5 Unfettered Fracking and the Dangers of Hydraulic Fracturing

4.6 Climate Change, Power Plant Regulations, and the U.S. Supreme Court Stay as a Potential Unraveling of the Paris Agreement?

5. Colluding Crimes of States and Corporations: Violations of the Community

5.1 Routinizing Collusion Between and Within Nations: The Neutralization of Crime and the Rise of Securitization

5.2 Transparency, Surveillance, Whistleblowing, and Drone Warfare

5.3 Crimmigration and Privatization: Cashing in on Refugee Desperation

5.4 For Profit Charter Schools and the Privatization of Education: Looting the Public Purse at the Expense of the Public Interest

Part III: Halting Corporate Harm

6. Checking Corporate Power and State-Routinized Crime in an Age of Global Capitalism

6.1 Educational Debt and the Need for Collective Bargaining not Collective Punishment: Implications for Resisting State-Routinized Debtors

6.2 Reclaiming the Older and Newer Commons

6.3 The Sustainable Paradigm and Changing the Political Culture

6.4 From Manufacturing to Postindustrialism and Services: Building a Sustainable Global Economy

Conclusion: Democratic Capitalism, State Owned Multinationals, and Sustainable Pragmatism

Index

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